Inequality & Distribution
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Robots, Universal Basic Income, and the Welfare State
Jan 5, 2017
Evidence thus far questions the assumption that robotics are eliminating jobs. INET Senior Vice President for Programs Rick McGahey says the UBI debate should focus on the long-term weakening of labor’s bargaining power
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A Moral Challenge to Economists
Jan 1, 2017
Extract from the keynote speech by the Rev. Dr. William Barber III at the Institute for New Economic Thinking conference on race and economics in Detroit on November 11
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The Burden of Race Discrimination is Heaviest Where it Intersects with Gender
Dec 30, 2016
Professor Marlene Kim provided a riveting picture, via her personal family history of the exploitation of the Asian-American working-class in California. She challenged the invisibility of Asian-Americans in discussions of race in America, and also focused on the double burden of discrimination borne by women of color.
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INET Research in a Year of Living Dangerously
Dec 29, 2016
Notes from the Institute’s Director of Research on some significant papers and contributions produced in 2016 under the INET rubric
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Stiglitz: Bad News Awaits America's Workers
Dec 28, 2016
Campaign promises aside, the policies favored by President-elect Donal Trump are likely to bring more pain than gain to working-class Americans
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If CEO Pay Was Measured Properly, It Would Look Even More Outrageous
Dec 22, 2016
Research funded by the Institute for New Economic Thinking has revealed that the SEC reports executive compensation using a formula that routinely undercounts it
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Inequality in the United States: A Darkening Horizon
Dec 19, 2016
Institute for New Economic Thinking-backed research into inequality explores how taxes and government policy have contributed to deepening economic inequality
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Contemplating the Age of Hyper-Uncertainty
Dec 19, 2016
In the 40th anniversary year of John Kenneth Galbraith’s Age of Uncertainty, the 1970s look remarkably stable in comparison with today’s turbulent world
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Heckman Study: Investment in Early Childhood Education Yields Substantial Gains for the Economy
Dec 12, 2016
New research by Nobel Laureate and Institute for New Economic Thinking Advisory Board member James Heckman finds strong economic gains from birth-to-five education programs
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Race and Economics: Exploring Headwinds and Resilience
Dec 8, 2016
The Institute for New Economic Thinking’s recent Detroit event on race and economics noted both the structural impediments faced by African-Americans, and the impressive gains made in some communities despite those headwinds
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Older workers in Rust-Belt States have been economic losers since Reagan
Dec 6, 2016
Slight increases in national-average earnings for older workers mask long-run stagnation and decline in Michigan, Ohio, Pennsylvania and Wisconsin – states that unexpectedly voted for Donal Trump
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Working Paper Series
The Equal Employment Opportunity Omission
Dec 2016
On June 2, 1965, under a mandate established by Title VII of the Civil Rights Act of 1964, the U.S. Congress created the Equal Employment Opportunity Commission (EEOC) to enforce federal anti-discrimination laws related to employment. The expectation was that African Americans would be prime beneficiaries of the EEOC.
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Stiglitz: Democratic Party Needs New Economic Thinking
Dec 4, 2016
Nobel laureate argues that the party’s adherence to neoliberal orthodoxy has hurt its prospects
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Working Paper Series
The Value-Extracting CEO: How Executive Stock-Based Pay Undermines Investment in Productive Capabilities
Dec 2016
The business corporation is the central economic institution in a modern economy. A company’s senior executives, with the advice and support of the board of directors, are responsible for the allocation of corporate resources to investments in productive capabilities. Senior executives also advise the board on the extent to which, given the need to invest in productive capabilities, the company can afford to make cash distributions to shareholders. Motivating corporate resource-allocation decisions are the modes of remuneration that incentivize and reward the top executives of these companies. A sound analysis of the operation and performance of a modern economy requires an understanding of not only how much these executives are paid but also the ways in which the prevailing system of executive pay influences their decisions to allocate corporate resources.
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Trump’s Win is a Warning: Europe Urgently Needs a New Deal
Nov 30, 2016
President Franklin D. Roosevelt’s policies allowed the United States to avoid the perils of right-wing populism that plunged Europe into war in the 1930s — Europe should learn from his example